The M1 definition of the money supply includes which of the following items?

a. currency
b. demand deposits and other checkable deposits at depository institutions
c. travelers' checks
d. all of the above

Answer: d. all of the above

Business

You might also like to view...

Union's use of intimidation tactics has promoted a rise in unionization

Indicate whether this statement is true or false.

Business

Prepare an income statement using the following information:

Gross profit margin 40% Gross profit $7,500 Tax rate 35% Operating profit $400 What will be an ideal response?

Business